ARV is what the market value of a property after all the repairs, improvements and holding costs (including cost to acquire and dispose of the property) have been spent or accounted for, those together with your expected profits and/or your compensation for the brain damage is where you need to be buying the property.After Repair Value is the future expected market value with repairs/improvements made. :)

I assume you're taking into consideration everything for the homes: taxes, insurance, vacancy, repair reserves, expenses (CPA, utilities, permits/fees), property management, etc.The way I have been able to purchase my investments in such a short span, is to purchase investments which need significant improvements, complete the improvements myself (I'm a contractor as my day job), rent the unit and then refinance to pull cash out.In addition to doing that, I went to friends and asked to borrow money.

How much do you have for improvements and repairs necessary to draw additional business?

Maybe improvements that can that can be made to increase the rents if a multi or family.

One place we installed 37 new windows, which were a big improvement over the 120 year old windows there existing.We've done blown-in wall insulation but the costs and ancillary work made it expensive, curious what you paid to insulate the walls?

Did you put any of the money into the house to improve it?

Everyone knows it, since the city has invested in both river front improvements and it's the closest east side zip to downtown hipster activity (6th Street, etc).Frankly, the whole east side is in transition from what was highly ethnic/lower income in years past to a vibrant, "hot" address for techies, DINKs, singles and those urbanites who want to be near the arts, jobs and "scene" that Austin is famous for.

Please let me know what you think.Here are the Numbers:(pro forma, but I live three blocks away and have done so for 15 years)Price: $110,00010% down Plus closing 16,000interest rate: 5.25 (30 year fixed)roughly 15,000 improvements out of pocket.Mortgage: 571.53Rent: 1050 (this is low as market in the area is 1150)6% vacancy ( average for the neighbor hood is 4)Expenses:total: 2200 annualMy results: $134,500.00 total cost of unit6.42 cap rate9.127 GRM11.10% Cash ROI33.82% Total ROI125.89% DSCR$1,775.63 annual cash flow 1st yr 1775

The Kitchen sink had a leak on the strainer side but i went to youtube and the guy used plumer putty to seal it.

Secrets of the Millionaire mind.More than books I think listening to youtube has had tremendous impact.